BETA Technologies (NYSE:BETA) Insider Kyle Clark Sells 10,000 Shares of Company Stock

BETA Technologies Inc (NYSE:BETA) insider Kyle Clark sold 10,000 shares of the business’s stock in a transaction dated Monday, October 26th. The shares were sold at an average price of $19.76, for a total transaction of $197,600.00. Following the completion of the sale, the insider owned 5,005,936 shares of the company’s stock, valued at approximately $98,917,295.36. This represents a 0.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Kyle Clark also recently made the following trade(s):

• On Friday, October 23rd, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $19.19, for a total transaction of $191,900.00.
• On Wednesday, October 21st, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $19.06, for a total transaction of $190,600.00.
• On Monday, October 19th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $18.11, for a total transaction of $181,100.00.
• On Friday, October 16th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $18.51, for a total transaction of $185,100.00.
• On Wednesday, October 14th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $17.58, for a total transaction of $175,800.00.
• On Monday, October 12th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $19.91, for a total value of $199,100.00.
• On Friday, October 9th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The stock was sold at an average price of $20.66, for a total value of $206,600.00.
• On Wednesday, October 7th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $20.19, for a total value of $201,900.00.
• On Monday, October 5th, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $21.30, for a total value of $213,000.00.
• On Thursday, October 1st, Kyle Clark sold 10,000 shares of BETA Technologies stock. The shares were sold at an average price of $22.00, for a total value of $220,000.00.

BETA Technologies Trading Up 4.5%

Shares of NYSE:BETA opened at $20.72 on Wednesday. BETA Technologies Inc has a 12-month low of $13.43 and a 12-month high of $39.50. The business’s fifty day simple moving average is $21.21 and its 200-day simple moving average is $19.25.

BETA Technologies (NYSE:BETA) last posted its earnings results on Wednesday, August 12th. The company reported ($0.64) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.56) by ($0.08). The business had revenue of $14.66 million during the quarter. As a group, equities analysts anticipate that BETA Technologies Inc will post -2.25 earnings per share for the current year.

Hedge Funds Weigh In On BETA Technologies

Several hedge funds have recently made changes to their positions in the company. Parallel Advisors LLC lifted its position in BETA Technologies by 26.0% during the 1st quarter. Parallel Advisors LLC now owns 3,323 shares of the company’s stock worth $49,000 after acquiring an additional 685 shares during the period. Rockefeller Capital Management L.P. purchased a new stake in BETA Technologies during the 4th quarter valued at about $35,000. Allworth Financial LP grew its stake in BETA Technologies by 257.2% during the 2nd quarter. Allworth Financial LP now owns 1,786 shares of the company’s stock valued at $30,000 after purchasing an additional 1,286 shares during the last quarter. IFP Advisors Inc raised its stake in shares of BETA Technologies by 555.6% in the second quarter. IFP Advisors Inc now owns 1,803 shares of the company’s stock worth $30,000 after purchasing an additional 1,528 shares during the last quarter. Finally, California State Teachers Retirement System acquired a new stake in shares of BETA Technologies during the first quarter worth about $27,000.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. BTIG Research reiterated a “buy” rating and set a $33.00 price objective on shares of BETA Technologies in a research note on Thursday, August 13th. Wall Street Zen downgraded shares of BETA Technologies from a “hold” rating to a “sell” rating in a research note on Saturday. Weiss Ratings raised shares of BETA Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, September 14th. Needham & Company LLC reaffirmed a “buy” rating and set a $34.00 price target on shares of BETA Technologies in a research report on Wednesday, October 21st. Finally, Barclays started coverage on BETA Technologies in a research report on Friday, October 9th. They set an “overweight” rating and a $35.00 price target on the stock. Ten equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, BETA Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.50.

About BETA Technologies

BETA Technologies is an aerospace company developing electric aircraft and the infrastructure needed to support electric aviation. Founded in 2017 and headquartered in South Burlington, Vermont, the company focuses on zero-emission aircraft for cargo, logistics, passenger, medical and defense applications.

BETA’s aircraft portfolio includes the ALIA electric vertical takeoff and landing (eVTOL) aircraft and the ALIA CTOL fixed-wing aircraft, which is designed for conventional runway operations.